ConocoPhillips (COP) vs Marathon Petroleum Corporation (MPC)
COP leads on 9 of 16 compared metrics, though MPC is the cheaper stock.
A side-by-side comparison of ConocoPhillips and Marathon Petroleum Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
Total return — COP vs MPC
growth of $100 · last 15yCOP +112.4%MPC +1314.8%MPC compounded faster
Log scale — wide-divergence pair
COP MPC
COP vs MPC: by the numbers
- •COP is the larger company ($142.52B vs $76.95B market cap).
- •MPC trades at the lower earnings multiple (17.19 vs 19.89 P/E).
- •COP converts more revenue to profit (12.56% vs 3.41% net margin).
- •COP grew revenue faster over the past five years (20.71% vs 14.07% CAGR).
- •COP pays the higher dividend yield (2.82% vs 1.48%).
Which is better, COP or MPC?
Metric tally: COP 9 · MPC 7It depends on what you're optimizing for:
ValueMPC(lower P/E)
GrowthCOP(faster 5Y revenue CAGR)
IncomeCOP(higher dividend yield)
QualityMPC(higher ROIC)
Valuation
| Metric | COP | MPC |
|---|---|---|
| P/E ratio | 19.89 | 17.19● |
| Forward P/E | 13.01 | 11.24● |
| P/S ratio | 2.46 | 0.57● |
| P/B ratio | 2.22● | 4.64 |
| PEG ratio | — | 0.39 |
| EV / EBITDA | 6.57● | 8.87 |
| FCF yield | 12.79%● | 7.33% |
Profitability
| Metric | COP | MPC |
|---|---|---|
| Gross margin | 29.18%● | 8.80% |
| Operating margin | 18.28%● | 5.02% |
| Net margin | 12.56%● | 3.41% |
| ROE | 11.34% | 27.65%● |
| ROIC | 6.72% | 7.03%● |
Dividends
| Metric | COP | MPC |
|---|---|---|
| Dividend yield | 2.82%● | 1.48% |
| Payout ratio | 51.89% | 29.46% |
Growth (annualized)
| Metric | COP | MPC |
|---|---|---|
| Revenue CAGR (5Y) | 20.71%● | 14.07% |
| EPS CAGR (5Y) | -0.18% | 22.12%● |
| FCF CAGR (5Y) | 104.64%● | 30.60% |
| Total return CAGR (5Y) | 18.54% | 36.26%● |
Frequently asked
- Which is better, COP or MPC?
- It depends on your goal. value: MPC (lower P/E); growth: COP (faster 5Y revenue CAGR); income: COP (higher dividend yield); quality: MPC (higher ROIC). Across all compared metrics, COP leads 9 to 7.
- Is COP or MPC cheaper?
- On trailing earnings, MPC is cheaper: COP trades at a 19.89 P/E and MPC at 17.19.
- Which has grown faster, COP or MPC?
- Over the past five years, COP grew revenue faster — COP at a 20.71% CAGR versus MPC at 14.07%.
- Does COP or MPC pay a bigger dividend?
- COP yields 2.82% and MPC yields 1.48% based on trailing dividends and the latest price.
- Is COP or MPC more profitable?
- COP runs the higher net margin — COP at 12.56% versus MPC at 3.41%.
- Which has been the better investment, COP or MPC?
- Over the past 10-year, MPC delivered the higher annualized total return — COP at 13.65% versus MPC at 25.67%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
ConocoPhillips P/E ratioMarathon Petroleum P/E ratioConocoPhillips dividend yieldMarathon Petroleum dividend yieldConocoPhillips ROEMarathon Petroleum ROEConocoPhillips operating marginMarathon Petroleum operating marginConocoPhillips revenue growthMarathon Petroleum revenue growthConocoPhillips free cash flowMarathon Petroleum free cash flow
ConocoPhillips & Marathon Petroleum appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.